An Indian edible oil industry body issued an advisory to its members appealing to reduce the retail and wholesale prices in line with prevailing global markets to benefit the consumers.
Edible oil industry body The Solvent Extractors' Association of India on Tuesday said it has advised all its members to reduce retail prices in line with the falling prices of edible oils internationally.
Overall, the import of vegetable oils, including edible oils, during December 2022 is reported at 1.56 million tonne compared to 1.22 million tonnes in the same month of 2021, which is an increase of about 28 per cent.
India's overall oilmeal exports so far during the current financial year - April to November - were 50 per cent higher year-on-year at around 2.39 million tonnes.
New Delhi [India], October 18 (ANI): India's oilmeal exports during the first half of the current financial year - April to September - were 39 per cent higher year-on-year at around 1.77 million tonnes, data compiled by vegetable oil industry body The Solvent Extractors' Association of Indi
New Delhi [India], October 14 (ANI): There is an urgent need to allow exchange trading in palm oil and soybean oil as an absence of futures trading, which facilitates hedging, has led to "heavy financial loss" for importers of these commodities during the past three-to-four months, according